South Africa proposes changes that could allow Musk’s Starlink entry
Communications Minister Solly Malatsi has proposed the recognition of so-called “equity equivalent” investment programmes in the information and communication technology sector.
23 May, 2025
Egypt cuts interest rates for second time in two months
Egypt’s central bank has cut interest rates for the second time since April as inflationary pressures have eased in the North African country.
22 May, 2025
South Africa presents revised budget
South Africa’s finance minister has presented a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax.
21 May, 2025
Egypt’s central bank widely expected to cut rates
Egypt’s central bank is expected to lower overnight interest rates by a median of 175 basis points on Thursday.
19 May, 2025
Mali judge expected to order reopening of Barrick mine under new management
African countries with most IMF debt
South African rare blue diamond fetches $21.5m at auction
Sierra Leone’s largest diamond miner shuts down, laying off more than 1,000 workers
Rebels in DR Congo order gold miner to halt operations in tax dispute
8 May, 2025
Moody’s says tariffs may hit African banks through China slowdown
Banks in Sub-Saharan Africa will not be directly impacted by US import tariffs, but “second round effects” could still bite, credit rating agency Moody’s has said.
7 May, 2025
Kenya’s finance minister says no new taxes in new financial year
Kenya’s government will not impose new taxes or increase existing ones in this year’s budget proposals, the country’s finance minister has said.
7 May, 2025
Mass culling of chicken after South African firm abandons farm over feeds bills
More than 350,000 chicken euthanised by hand after they were left starving and cannibalizing each other
27 Apr, 2025
Zimbabwe in talks with US to lower 18% export tariff
Zimbabwe says it has entered direct talks with the United States to seek a reduction in the 18% tariff imposed on Zimbabwean exports.
26 Apr, 2025
Tanzania lifts ban on imports from South Africa, Malawi for talks
Tanzanian officials say the two countries had reached out separately seeking to resolve the trade dispute through dialogue.
25 Apr, 2025
South Africa’s finance minister refuses to resign after VAT hike reversal
The proposal to raise the VAT by 1 percentage point over two years, which was intended to boost state revenue, met resistance.
24 Apr, 2025
Tanzania bans South Africa, Malawi imports in trade row
Tanzania had demanded that both countries rescind bans on imports of agricultural goods from Tanzania by Wednesday, but they had not done so, a minister said.
21 Apr, 2025
Nigeria signs minerals deal with South Africa
Nigeria. which has over 20 mineral deposits in commercial quantities, has signed a minerals pact with South Africa in diversification push
16 Apr, 2025
Nigeria to amass fuel stockpiles to avoid perennial shortages
Nigeria, despite its oil wealth, frequently experiences fuel shortages and long queues.
15 Apr, 2025
Ghana orders foreigners to exit its gold trading market
Under a new system, the newly created gold board known as GoldBod is the only entity allowed to buy, sell, assay and export artisanal gold.
